> Seajacks (U.K.) completes construction of a new offshore installation and maintenance vessel

Seajacks (U.K.) completes construction of a new offshore installation and maintenance vessel

Thursday, Jun 05, 2014

Seajacks International Limited. (Seajacks), a U.K.-based offshore wind power installation provider, owned by Marubeni Corporation (Marubeni) and Innovation Network Corporation of Japan (INCJ), completed the construction of an offshore wind installation special vessel on June 2, 2014.

This specialty vessel, named Seajacks Hydra, is the fourth to be constructed after Marubeni and INCJ acquired Seajacks in May, 2012.

The construction finance was provided through a syndication of six banks, led by Mizuho Bank Ltd. together with a syndication of Development Bank of Japan Inc., ING Bank N.V., Sumitomo Mitsui Banking Corporation Europe Limited, Sumitomo Mitsui Trust Bank, Limited, and Swedbank AB (publ). Marubeni believes Seajacks will lead the offshore wind market as a top installation player with this fourth vessel backed by strong financial support.

European offshore wind power is expected to expand with high efficiency and technology innovation. With experience and know-how gained through a track record in the engineering, procurement and construction (EPC) of power generation plants, 98,000MW in total as well as holding power generation assets over 10,500MW (net), Marubeni is continuously

focusing on business opportunities in the value chain of the renewable energy market.